GENEVA, Tuesday, July 30, 2024 – Proton, the privacy-focused email service provider, has expanded its offerings with the launch of Proton Wallet, a self-custody Bitcoin wallet.
The new wallet aims to simplify Bitcoin ownership and usage for individuals seeking to take control of their digital assets.
Reports said that the wallet employs end-to-end encryption, ensuring that users maintain complete control over their Bitcoin.
Proton also claimed that the wallet incorporated advanced security measures such as automatic address rotation and two-factor authentication (2FA) to protect against unauthorized access.
However, Proton’s dismissive stance on other cryptocurrencies, what it called “shitcoins,” has led to widespread criticism and confusion.
The wallet’s exclusive focus on Bitcoin has raised eyebrows, particularly given Proton’s previous stance on privacy and user choice.
The company’s refusal to clarify its definition of “shitcoins” has also further fueled speculation and discontent among cryptocurrency enthusiasts.
While some defend Proton’s right to prioritize Bitcoin, others argue that the company’s dismissive attitude contradicts its reputation as a privacy-focused organization.
The controversy has led to calls for boycotts and questions about Proton’s future direction.
